We at Magnus Practice Transitions believe that your personal line of thought and ideas form the best decisions when investing & growing your business. However, everyone like to be well informed before buying a dental practice. Following industry trends, emulating others and merely asking colleagues often lead to conflicting opinions and an overload of advice. While you brainstorm, it’s best to consult experts in dental practice brokerage who know the ins and outs of the current trends and best practices. Our brokers and coaches in Magnus Practice Transitions have done their share of the groundwork on your dental practice of choice so that you can save clinical time, and headspace and earn profits. Our FAQ section clears all the biggest doubts when investing and expanding your dental practice.
To find dental practices for sale through Magnus Practice Transitions feel free to reach out to us through a quick call, an email, a website query or visit us. While searching dental practices for sale through the community and contacts is good, it is disorganized and may deprive you of better offers. The dental practice brokers are experts in this job; they study the market, have broad contact bases and are aware of the industry trends & best prices. We set up a meeting, understand your needs and match you up with practices filtered to them.
Yes. You specify the preferred location or geographic area for practice acquisition and our team helping you buying a dental practice will connect with their colleague handling the listed practices in the specified area and we plan to set up a meeting, while keeping you informed at every level.
Before you buy a dental practice, you must gather more detailed information about the specific practice listings in your preferred group. While our brokers give you access to A-Z of the practice details, like the team, the property, patient base, reputation and digital presence, you can also run the word in your fraternity and colleagues to gather certain specific details. Our team ensures that there is no bias when scrutinizing the listings.
You can scrutinize the dental practice listings and let us know your preferred choices through an email. When expressing your interest in practice, be sure to add the top points of choosing the practice and also add your queries that need to be resolved
We at Magnus Practice Transitions help when determining the value of a dental practice and preparing an accurate dental practice appraisal. Dental practice valuations include several metrics as active patients, patient age, hygiene billings and the collection of billings.
Of note, total production is also integral to practice valuations. Total production is a total idea of the performance and decision-making insights of the dental practice. It signifies more than a number—it is measured as a ratio to other metrics, like productivity per hour per patient, etc. It is a reflection of the practice’s health.
We focus heavily on EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) analysis. EBITDA is an important financial metric that shows how much profit a dental practice makes solely from its operations, excluding the costs of financing the practice (interest), government taxes, wear and tear on equipment (depreciation), and the loss in value of intangible assets such as goodwill (amortization). This metric helps buyers assess the practice’s real earning potential, including cash flow and operational efficiency. It is now easier to compare different practices and decide an appropriate buying price.
When you want to purchase a dental practice we connect you with numerous financing options. These include conventional bank loans, seller financing, and lease-to-own arrangements options. All this with financial assistance & planning first from our end.
Magnus Practice Transitions helps in the following during the buying process – market survey and analysis (assessing the practice, the location and the nearby competitors, the patient base, and growth potential), dental practice valuations (income-based valuations, market-based valuation & net asset valuation), and lease negotiations.
The time taken to complete the purchase of a dental practice depends on many factors including finding & choosing the right vendor, the paperwork involved, the evaluation of the documents, handovers and more. It may take anything from several weeks to over a year.
Yes, Magnus Practice Transitions offers post-purchase support or consulting services by staying in touch with you after a successful practice transition. We provide personalized practice management consultations and coaching to help in the hiring process, building teams, planning operations and boosting growth.
Identifying a good dental practice opportunity includes figuring out a variety of aspects such as location, patient demographics, practice reputation, facilities, technology, team dynamics, expansion possibilities, and financial sustainability. A thorough review of these factors aids in the identification of practices with a high likelihood of success and professional satisfaction.
Have questions about buying a dental practice? Book a free consultation call today to get expert answers and guidance on making informed decisions for your future practice ownership!